Aspects Of The U.S. In Full Decline - 09/28/12

The Wake Up Call show

Summary: Quoting the Economic Freedom Of The World 2012 Annual Report: from number 3 in the rankings in 2000 the U.S. came in at number 19 in 2010. Listen to the gory details. The Fed is powerless to act against full-scale automation, as described by Andrew McAffee. This is far more pernicious than losing jobs to China, etc. David  Malpass talks about why the Fed cannot achieve what it set out to do. None of the grimmest elements of economic deprivation can be addressed by the Fed. It is well-nigh impossible to believe that Bernanke thinks otherwise. The Business Roundtable’s third quarter CEO Economic Outlook Survey for 2012 shows sharply decreased CEO expectations and its index collapsed to 66 in the third quarter of 2012 from 89.1 in the second quarter of 2012, the third largest drop in the survey’s history